According to the author of "The Case for Fossil Fuel Divestment" in Forbes Magazine, the case for divestment that while the impacts on the long-term viability and reputation of fossil fuel companies is minimal, divestment hurts their short-term bottom line significantly and forces them to react.

https://www.forbes.com/sites/davidcarlin/2021/02/20/the-case-for-fossil-fuel-divestment/?sh=4de1364276d2

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